Contract Insights

What is contract ratification? A contract is not legally binding until it is ratified. Once a contract is ratified, it is transformed from a tentative agreement into a legally enforceable contract. However, the ratification process can be compromised by ambiguous terms and conditions, errors in the management of the agreement, and uncertainties about the authority of the parties involved. To elucidate the purpose of ratifying a contract and how to avoid issues, let's explore contract ratification in detail in this blog post.

Did you remember to read all of our blog posts from March? Don't worry; we have outlined each of them for you. Stay up-to-date with industry topics, real-world case studies, and contract management software and procurement best practices in April by reading the latest CobbleStone^® content.

Managing contracts and maintaining contract process efficiency can be challenging—especially without an understanding of contract lifecycle management and the proper functionality to succeed. In fact, 25 percent of contract management professionals we asked don't have a dedicated contract management system. It's crucial to enter into a contract with a clear-cut strategy and the best contract management tools for the job. So, what are the four components of contract management? Let's find out!

2025 seems to be a year of federal downsizing, and there seems to be more to come. In this environment, state and local governments are likely to continue facing increased pressure to do more with less. Budget constraints are forcing agencies to adjust their spending while retaining and maximizing efficiency. To that end, CobbleStone Software recognizes state and local governments' challenges and is committed to providing contract lifecycle management and eProcurement solutions while easing the burden of federal budget cuts. Here's how. But first...